[millionday] Iraq's foreign debts on 4 categories namely debt to Paris Club countries debt non-member states of the Paris Club debt and trade creditors ( foreign private sector ) , and the debt of the GCC countries in addition to the decades advisors ( accounting and legal ) .

Noting that trade creditors ( Private sector ) debts estimated at more than 20 billion dollars and the number is in the hundreds spread across the world so it was starting to look for the best way to deal with them . ...Read More Link On Right

Proposals have been to settle the debts of those creditors through a cash tender offer , which included the purchase of religion by 10.25 of the total debt and the abolition of the remaining 89.75 percent , and confirmed that participated in these offers commercial creditors less than the proportion of young people who indebtedness for 35 million dollars the total amount that has been settled 5 billion U.S. dollars or [millionday] in a manner offered to buy the debt of religion and included the issuance of debentures by 20 percent of the total debt for the benefit of creditors and the exemption of the remaining 80 percent and pay out of bonds of the loan over the years from 2020 to 2028 and bear interest on the bonds of the loan by 5.80 percent have participated in this offer commercial creditors adults who increase their demands for 35 million dollars. She concluded her speech by saying that virgins total debt that has been settled under this offer amounted to up to 14 billion dollars. [millionday] so obviously we see here what the effects are of a diminishing debt are on the country and the huge pluses on it all being arranged -- huge huge huge [millionday] how exciting is this ? whooooop whoooop brb with more [millionday] here we go --Leaders of the Gulf Cooperation Council (GCC) member states will hold their 34th summit in Kuwait during the period of December 10 and 11 amid fast-paced regional and international developments, that require great efforts to address challenges imposed on the Gulf region. At the forefront of these developments are the recent nuclear agreement between Iran and the Group of 5+1 and the 32-month Syria conflict that claimed the lives of over 100,000 people. "These circumstances need thorough study to their implications to be able to take the necessary actions to address them and help protect the interests and historic achievements of member states," GCC Secretary General Abdulateef Al-Zayani has stated. [lorijeanmarshall] millionday i dont get. why is all of this important. [millionday] this is talking about how wonderful it is that they have now in order to complete all of the payments to debt they had aquired while the former regime was in office and the effect of the debt being paid – meaning that the monies gained from resources will be able to be applied to other things after they are paid and until then they are budgeted in so that they can be part of the budget and agreed on with no further anger or misunderstanding with other countries -- hoping to gain in trade agreements [millionday] the credit rating and also the money they have coming in is used in calculating as if you were doing your home budget -- your value as with countries as well is in the amount not promised out --- revenues that are just that --- gains - let me repost where i was with the gcc meeting [millionday] here we go with it over so all can read it -- Leaders of the Gulf Cooperation Council (GCC) member states will hold their 34th summit in Kuwait during the period of December 10 and 11 amid fast-paced regional and international developments, that require great efforts to address challenges imposed on the Gulf region. At the forefront of these developments are the recent nuclear agreement between Iran and the Group of 5+1 and the 32-month Syria conflict that claimed the lives of over 100,000 people. "These circumstances need thorough study to their implications to be able to take the necessary actions to address them and help protect the interests and historic achievements of member states," GCC Secretary General Abdulateef Al-Zayani has stated. [millionday] He noted that 34th summit would tackle wide array of issues and proposals to strengthen GCC joint action in all domains. In this regard, the GCC leaders will discuss and take decisions regarding the reports and recommendations referred to them by the GCC Ministerial Council for discussion and approval, especially those related to fight against terrorism, anti-graft, protection of oil facilities and traffic cooperation as well as the implementation of the unbinding strategy of e-governments of Gulf countries. [millionday] read this >>>>>>>>>>>>>>>>>>>>>>>>>>> The economic issues feature high on the summit agenda as the Gulf countries seek a full economic integration in the near future. Thus, the leaders will mull several proposals to give impetus to trade exchange and pan-Gulf investment. They will discuss means to expand cooperation with world's major economies, mainly the United States and European Union. The Gulf leaders will touch upon the joint GCC-Turkey plan of action for trade and investment during the period 2013-15. They will study new moves to bolster the strategic partnership with the Kingdom of Morocco and the Hashemite Kingdom of Jordan. The pan-Gulf organization aims to enhance cooperation with the two friendly monarchies in the fields of environment, renewable energy education, scientific research, economy, tourism, food security, among others. [millionday] note -- this is the gcc meeting that begins tomorrow [millionday] They also review the progress achieved in the implementation of Gulf-brokered power transition deal in Yemen, particularly the outcome of the national dialogue and the government efforts restore security and stability and rebuild the impoverished and conflict-torn Arab neighbor. The summit will also discuss the latest developments in the Palestinian cause and the conflict in Syria. The Arab Gulf countries have been supporting the needy Syrian people since the start of the conflict, which displaced millions of Syrians in and outside their country. Kuwait hosted a donor conference last January and succeeded in pledging over USD 1.5 billion, of them Kuwait donated USD 300 million. Meanwhile, the Kuwait Summit is expected to witness the launch of the GCC Radio Station from here. [millionday] brb with more whooop whooop love the trade bank stocks rising at the beginning of the year because they are who is handling the smart cards and all the money that involves -- love it [millionday] smile >>>>>>>>>>>>..ruled out for the Liberal bloc MP Hussein al-Sharifi, the survival of Prime Minister Nouri al-Maliki in office after the next election, noting that al-Maliki 'just around the corner from the exit' from the prime minister in the next session as a result of his policy is correct. said Sharifi in a press statement received Agency (news) copy of it: The modern deputies of state law on the progress of Maliki's rivals in the current stage, the words of inaccurate and untrue, where they try to improve the image of al-Maliki, - [millionday] prime minister, he will not have the votes received in the previous session, noting that the Iraqi people suffering from a lack of services and the deterioration of security and corruption that gnaw the body of the state and the glare of government, nor Accountant. confirmed Sharifi: All these reasons have led to reduce the chances of al-Maliki in the arena and make him lose a lot of votes because of the policy is correct that I use [millionday] just a little fun -- elections always bring out such nice things said about the other -- see just like some other countries we are familiar with – smile brb with more [millionday] interesting >>>>>>>>>>>>>>>>>>>>>>>>>> The central bank had decided to give private banks are free to determine the interest rate on loans granted to citizens, while private banks rely when determining the interest rate on the usefulness of monetary policy signal determined by the central bank based on levels higher than the level of inflation that exists in Iraq. - brb with more [millionday] Muhannad Abdul Wahab is no longer a secret to how Iraqi society recognized by the Iraqi budget, and beyond the pale of political clashes between the parliamentary blocs and at all levels of high, if they take up most of the discussions. expectations parliamentary indicated to the possibility of hauling general budget bill to the House of Representatives if heal next Tuesday, to be of the first laws that put the utmost importance in the community. [millionday] Abboud al-Issawi, noted that «the budget day pass after long discussions while the first acknowledge Quickly », noting that the budget and if they come to the parliament would top the list of important laws being of things that affect the lives of citizens and directly affect it gives a good impression about the performance of parliamentary and parliamentary committees. He said in a statement »Sabah»: «There are some situations that sticks out of the parliamentary blocs, especially the position of the Kurdistan Alliance, which demands similar to past years, with some amendments to it. [millionday] note -- the budget will be first tomorrow on the agenda as the rest of the laws of importance will be after -- notice they are coming early [millionday] Issawi to the great momentum fact the House of Representatives through the budget, currently speed pass the parliamentary blocs to balance the convergence of views in and out of the ordinary as I used it Iraqi politics of collisions or a dispute over a particular substance may be long discussion with more than the normal limit. pointed to the importance of the dimension of life of the budget and its impact on society through their doors by Tsar where to exchange, pointing to other dimensions may be political or related technical specifications required by some parliamentary blocs doors of exchange budget, and it must adhere to the political blocs to a maximum of time for approval. [millionday] very important>>>>>>>>>>>>>>>>>>>>>>> called Issawi all the political blocs to work as one team, because the budget is the anchor of all Iraqis toward economic stability aims to build a society by raising the level of economic and living conditions. it accused the MP for mass citizen parliamentary Jawad Albzona government of trying to embarrass the House of Representatives during the delay budget, and confined angle tight and force him to pass shortly. said Albzona in a press statement that «the government is always trying to embarrass the House of Representatives by delaying the budget [ROBINREDHED] budget=important [millionday] they seem to be putting it on the top and foremost importance nice timing with the GCC in Kuwait with its huge huge meeting -- love all of this -- love it [millionday] The Secretary-General of the United Nations Ban Ki-moon that the invitations to the conference "Geneva 2" will be December 20, noting that the conference is "to form a transitional government executive powers as stated in the Geneva 1." He explained that he would meet Envoy internationalist Lakhdar Brahimi Sunday in Paris within the framework of the preparations for the Geneva 2 to be held in the month of January next, saying that he "will also be held at 20 this month, another meeting will be attended by the members of the Security Council which will be determined by the parties participating in the Geneva 2." [millionday] Said Ban Ki-moon that "the end of Congress to form a government or a transitional body her executive powers to be able to implement the conclusions of the Geneva Conference 1 ", noting that" the process is not easy, and we urge the opposition to sit at the negotiating table. [millionday] love it with a big smile --- so there we have it -- huge huge huge [millionday] we can expect that the cbi is going to be ready to roll for the smart cards and its success in rocking their stocks by the first of jan --- this we like because we love mastercard and visa -- just love them [millionday] they have called to activate all other banking services instead of just what they have had -- accounts and savings and have showed us what the benefit is of having less debt and paying their debt off --- we also see that the private millionday] banks can set their own interest rates for loans etc -- we have multiple foreign investors and the list registered with commerce to begin and are very happy with the jobs that is bringing --- [millionday] so it looks like they are setting an outside timeline to be the first of the year and we love that because they have also moved up parliament to the 10th of dec --- budget first -- love it millionday] oh and did we say -- love it - everything crossed and we as a team are hoping so much for all of you that we get to move forward very fast to help people smile millionday] when the security commission is announcing that trade bank is going to be on and rolling due to smart cards at the first of the year -- we are happy tbob] millionday but things need to happen this year for that to happen right ???? [millionday] thats right -- all at the same time -- love it -- just like we thought and we are watching it too my friends -- goodness bring it on !! smile

Gwen

12/10/2013 03:39:08 am

with all the other mombo jumbo going on with the other "intel" I always come back to what millionday has to say. When ever I talk about whats going on with my mom, I always refer back to millionday. You lay it out with out biased opinion. Its like hearing it straight from the horses mouth, meaning the articles. Your not bashing dinarians because someone said something or someone did something. Its based of facts and that's cool, NO one else does this its all hearsay. THANK YOU MILLIONDAY for what you do!

acerginnala

12/10/2013 04:38:25 am

I could not have said it better.

light

12/10/2013 04:10:25 am

the real facts from MD that all dinarians need to hear and know but nobody seems care much about MD's post ..just sad...Thank you MD for your hardworking

pd

12/10/2013 04:36:02 am

ditto!!! light is right!

RKR

12/10/2013 06:17:09 am

I AGREE 100 PERCENT
SHE WILL BRING IT HOME FOR US
AND VERY SAD NOT MANY SEEMS TO CARE .
VERY HARD WORKER YES SHE IS ,,,
YOU MILLONDAY ,BRING IT HOME FOR US ... THE TRUTH WITH FACTS ...

aussiesue

12/10/2013 04:22:14 am

Millionday I am so glad I read your post before retiring for the night,It gives me hope that this is for real, You are a blessing to us all.Thanks a Million pardon the pun.

Barbara

12/10/2013 04:34:04 am

Finally someone who isn't trying to sell Dinars. MD's information is straight forward without all the hype. It is a pleasure to read the truth based on facts.

RICHARD

12/10/2013 04:53:27 am

THANKS MR MILLIONDAY, EXCELLENT NEWS......NEXT RV NEXT....

Victoria

12/10/2013 05:09:17 am

The REAL hope is within these facts that are coming out of Iraq- with excellent interpretation by Millionday. Alll of the information coming out of Iraq does point to a resolution to this all; I can only hope that it is almost over- one way or another. Thank you Millipnday for your continued dilligence and dedication.

RKR

12/10/2013 06:13:26 am

MD, ALL THE TIME YOU SPEND ON THE REAL FACTS .
COULD NOT TELL YOU ENOUGH .. YOU ARE AWESOME
THANK YOU !!

RScott

12/10/2013 09:36:49 am

Millionday is the REAL DEAL and the only Posts I pay any attention to. The reason I know we are close is because of her and her teams reporting what is Actually being said! Not someone told my best friends uncle that some goat said its going down this week for the umteenth time.

I do not see how you can understand all the translated info, always get lost halfway through---great to have you on this blog , So much help to everyone ==Hope you continue with us for further investments!!!